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Soybeans Fading Back After Monday’s Rally
Source: Nasdaq
Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows
Soybean futures were down 6-7 cents in Tuesday morning trading, partially reversing Monday's 15-24 cent rally. Open interest increased by 3,122 contracts on Monday, indicating renewed participation as long investors re-entered the market. The move is a near-term negative for soybean prices but follows a sharp prior-session recovery.
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